Woolworths Group Ltd and Washington H. Soul Pattinson (ASX: SOL) Shares to Monitor

August 12, 2024 01:55 PM AEST | By Team Kalkine Media

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Woolworths Group Ltd and Washington H. Soul Pattinson (ASX: SOL) Shares to Monitor — Image source: shutterstock

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This article examines the recent performance of Woolworths Group Ltd and Washington H. Soul Pattinson Ltd. Woolworths, Australia’s largest retailer, has seen its share price drop by 9.1% in 2024, while Soul Pattinson, an ASX value stock, is near its 52-week low. We analyze their operational highlights and current valuation to provide insight into their market positions.

Woolworths Group Ltd and Washington H. Soul Pattinson Ltd Update: Share Price Movements and Key Insights

Woolworths Group Ltd (ASX:WOW)

Woolworths Group Ltd has seen its share price decrease by approximately 9.1% since the beginning of 2024. Established in 1924, Woolworths is a leading retail operator in Australia and New Zealand, boasting over 3,000 stores and employing more than 100,000 individuals. It holds the position of Australia’s largest company in terms of revenue and market share.

The company’s operations encompass supermarkets under the Woolworths brand in Australia and Countdown in New Zealand. It also operates discount department stores through the Big W brand and has a business-to-business (B2B) segment, including PFD. Woolworths is particularly dominant in the Australian supermarket sector, with a market share exceeding 35%.

Known for its consistent dividend payments, Woolworths is a favored choice among investors seeking reliable income. The company generally offers a fully franked dividend yield of over 3%, supported by its substantial scale and efficient distribution network. The competitive advantage of Woolworths lies in its extensive reach and the convenience of its locations for shoppers.

Washington H. Soul Pattinson Ltd (ASX:SOL)

Washington H. Soul Pattinson Ltd is currently trading about 3% above its 52-week low. Founded in 1903, Washington H. Soul Pattinson is an investment company with a diverse portfolio spanning various industries and asset classes. The company's significant holdings include stakes in well-known companies such as TPG Telecom (ASX:TPG), New Hope Group (ASX:NHC), and a cross shareholding in Brickworks (ASX:BKW).

As the second-oldest publicly listed company on the ASX, Washington H. Soul Pattinson focuses on delivering capital growth and steadily increasing dividends to its shareholders. The company operates as a family-run listed investment company (LIC), aiming to provide long-term benefits for its shareholders, who are closely aligned with the company's goals.

Share Price Valuation Insights

To gauge the current valuation of Woolworths Group Ltd, examining its dividend yield offers a useful perspective. Presently, Woolworths shares have a dividend yield of around 3.05%, compared to a 5-year average of 2.66%. This indicates that WOW shares are currently trading below their historical average dividend yield.

Woolworths Group Ltd is experiencing a decrease in share price, it remains a prominent player in the retail sector with a strong dividend track record. Meanwhile, Washington H. Soul Pattinson Ltd continues to offer a diversified investment portfolio with a focus on capital growth and dividends.

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